Singapore economy

Singapore May visitor arrivals plummet to just 880

SINGAPORE had just 880 visitor arrivals in May 2020, as the country remained closed to short-term visitors to stem the risk of importing Covid-19 during the second month of its "circuit breaker"...

May retail sales hit all-time low; industry hoping for rebound

SINGAPORE retailers crashed to an all-time low in May, as revenue was more than halved on the year before.

Factories reopened in June, but weak global demand continues to hurt

SINGAPORE factories were set to ramp up activity in June as a two-month "circuit breaker" ended, an early sentiment gauge has suggested.

Singapore factory sentiment negative for fifth month as PMI inches up to 48.0 in June

SINGAPORE manufacturing sentiment picked up again in June as the “circuit breaker” ended, but remained in negative territory for the fifth straight month, according to data out on...

Singapore retail sales notch record 52.1% drop in May on 'circuit-breaker' fallout

SINGAPORE retail sales plummeted by a record degree in May, as the second month of the national “circuit breaker” extended the sector’s losses.

Singapore adds China to 12-country pledge to keep trade open amid virus crisis

SINGAPORE’S biggest trading partner has become the latest country joining a pledge to keep supply chains open during the novel coronavirus pandemic.

'Circuit breaker' a culprit as Singapore factory output posts 7.4% drop in May

SINGAPORE'S factory output snapped a two-month winning streak in May to slide unexpectedly into negative territory, with the novel coronavirus pandemic largely fingered as the culprit.

May consumer inflation negative again amid Covid-19 curbs

THE deflation in key consumer prices persisted in May, as the novel coronavirus pandemic kept all costs subdued except for food items.

Singapore, other stakeholders reaffirm plans to sign mega-trade deal this year

SINGAPORE and other stakeholders have reiterated that they plan to sign the Regional Comprehensive Economic Partnership (RCEP) mega-trade deal this year, even as the deadly novel coronavirus...

Singapore core inflation stays negative for fourth month in May at -0.2%

KEY consumer prices in Singapore continued to fall year on year in May, as core inflation stayed negative for the fourth straight month, according to data released on Tuesday.

Singapore's actions in next five to 10 years will chart nation's course 'for decades to come': DPM Heng

Singapore needs a stronger economy, one that is dynamic and inclusive, resilient and innovative, and connected to new global nodes in Asia and the world.